Your Credit Rating

Throughout your life your financial status is being monitored by credit agencies, and information regarding your credit and debt is compiled in a report. The outcome of this report will be your credit rating, or credit score, and this rating will be used to help determine whether or not you are a financial risk when applying for credit. In Britain there are three major credit agencies that hold your financial reports, and who you can apply to in order to get a copy of your report. These reports

Recovering your Bank Charges

In recent years the media has been offering numerous reports on the massive profits that the banks are making from charges and penalties to their customers. In fact, if statistics are to be believed, the banks have raked in around £10 billion in the last six years from unauthorised transaction penalties. Customers have started fighting back and there is now a multitude of websites aimed at recovering your bank charges. Bank charges do seem unfair when you compare the amount of charges with the

Rebuilding your Credit Rating

If you have noticed that you are repeatedly refused credit cards and loans the reason may lie with your credit rating. Lenders base their decision on whether or not to give credit on your credit rating, and it is in your best interests to obtain a copy from one of the credit reference agencies. Rebuilding your credit rating will take time, but there are methods that can be used in order to regain control of your financial status. Purchasing a copy of your credit file from one of the credit refe

Is Your Bank Getting You Into Debt?

Credit cards, loans and overdrafts are all credit products provided by banks. But these financial products also come with a range of interest fees and charges that can bring significant debts on their own. Most banks sell a range of financial products from simple bank accounts to mortgages and household insurance. Loans, credit cards and overdrafts are three of the most popular products supplied to customers through banks. These financial products when used correctly can help to spread the cost

Common Lies Told by Disreputable Debt Collectors

Although debt collectors must abide by guidelines laid out by the Office of Fair Trading and the Consumer Credit Act there are still plenty who bend and break the rules. Many disreputable debt collectors will simply lie in order to place pressure on debtors in order to recover debts. Debt collectors are notorious for putting pressure on consumers who have fallen into debt. For disreputable debt collectors their only aim is to recover the debt that they have bought from credit companies. Disrepu

Avoiding Easy Debt Solutions

Avoiding easy debt solutions will not only save money in the long term but also help stop the accumulation of more debt. There are many quick fix debt solutions available but most should be avoided on the way to a debt free life. When multiple debt problems arise the easiest route to take may seem like the quick fixes offered by debt companies. Quick fixes can take the form of debt consolidation loans or loans that will give the extra money needed to make repayments on present debts. Desperatio

A Debt Free Attitude

Maintaining a debt free attitude is a matter of discipline, especially if you have been prone to spending on plastic in the past. For a great many people debt is a way of life but there are many that can happily live without monthly repayments and wasted interest payments. There is no doubt that we are a society geared towards spending now and paying later. Around 1 million people with debt problems contact the Citizens Advice office each year and that number looks set to rise. Many people have

Online Credit and Debt

With wider lending options available via the internet it has never been easier for customers to obtain credit, or to become saddled with serious debt. Financial internet sites have witnessed a huge rise in online credit and debt as customers look for, and find, new lending sources. High street lending is now not the only option when consumers consider obtaining a loan or credit cards. It can be a case of simply obtain a loan during lunchtime at work via your computer. Internet lending has made

Choosing a Credit Card When Retired

Choosing a credit card when retired may not be a simple task, even if the applicant has a good credit score. This may simply be down to the fact that the retired person's income may now be of a lower rate than when they were in full time retirement. However there are a few credit card options open to retired people that can be considered. It is well known that the banks and credit lenders have recently been taking a stricter approach with their lending procedures. Full time workers have found t

Cheaper Car Insurance in Retirement

Retirement can be a time when cutting costs is important, but finding cheaper car insurance in retirement need not be a problem. One retirement myth is that retired people find it hard to find cheap car insurance simply due to their age. However, if you conduct some simple research then you can find car insurance companies and other financial institutes that will provide low cost car insurance. No doubt by the time you have reached retirement age you will have been driving for years. Typical ca

Retirement Countdown: How Much to Save

It’s never too late to start saving for retirement even if the big day is less than a decade away. How much you will need to save will depend on the number of years until retirement and the desired retirement income. There are a number of factors to consider when it comes to saving for retirement. Factors will include how many years until retirement, the expected age of retirement and present income. The reality for many people is that present finances prevent them from actually saving any mone

Save Thousands by Going Green

Going green and becoming fuel efficient can save motorists a huge amount of money every year. With fuel prices steadily rising there has never been a better time to be aware of fuel efficiency driving methods. Going green when driving doesn’t mean forking out for a new hybrid car. Going green or becoming environmentally friendly simple means becoming aware of fuel efficient methods that can save on fuel and money. Environmentally friendly driving can also save on vehicle wear and tear and can h

Comparing Medical Costs

On the whole, the cost of travelling abroad for medical treatments should be less expensive than having the same medical treatments in the UK. The large discounts that can be gained by taking a short flight to countries in Europe is one of the main reasons why thousands of people from the UK are now flying abroad for their surgery. Comparing medical costs between the UK and countries abroad is the best way to see exactly why people are travelling abroad for surgery. Over 50,000 people from the

Save with prepaid cards | compareandsave.com | Money Saving Tips & Finance Help

More and more people in the UK are eschewing cash in favour of plastic as way to pay for goods and services. With the rising popularity in prepaid credit cards it looks as if the UK may be one step closer to becoming a cashless society. With this in mind, compareandsave.com looks at the benefits and drawbacks of these cards and checks out the top 5 prepaid cards on the market. Prepaid cards are one of the fastest growing UK consumer trends and 2011 saw the highest ever sales increase according
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Should you rent or buy? | compareandsave.com | Money Saving Tips & Finance Help

Britain has traditionally been a nation of homebuyers rather than renters, unlike our Northern European neighbours. As potential UK homeowners, we may find it difficult than ever to jump onto the property ladder so the question of whether to buy or rent has never been more relevant. However, large mortgage deposits are now forcing us out of the property market and into the rental sector. For many of us in the UK, renting is now not just a choice, it seems to be the only option. With this is m
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Take the sting out of loans | compareandsave.com | Money Saving Tips & Finance Help

Saving for a rainy day is no longer an affordable option for around 15 million Brits, according to A report by Scottish Widows, the UK the investments and pensions firm. It highlighted that around eight million UK adults have no savings whatsoever, which could lead to dire consequences should a financial emergency arise. I look at some of the top unsecured loans on the market and how they can be a good alternative to long term secured loans should an emergency arise. Around a third (32%) of Br
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Inside digital banking | compareandsave.com | Money Saving Tips & Finance Help

Paying your bills, transferring funds and checking your balance with online or mobile banking has made it easier to manage your money while on the move. A recent study by BT (British Telecom) and Avaya, a global leader in business networks, found that an increasing number of business and personal customers in the UK are turning to digital solutions to meet their banking needs. With many UK banks offering online and mobile services at a lower cost and with 24/7 access it’s easy to see the appeal